Metastock sucks?

Quote from henry76:

I've been using mtastock for even longer , when looking at charts and trying to understand whats going on ms is easiest and quickest to use and easy to write simple indicators to highlight them , I don't use the backtesting and don't use 99%of the indicators , would like the forming and charting/scanning of pairs easier , but it's not easy to do this on tradestation either , currently also use sierra , which in some ways has very good pair scanning abilties , though writing code on sierra is complicated to say least .
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Metastock is still one of the best pieces of software for a serious chartist in the industry. It is "mature", which means working without a hitch isn't sacrificed for weekly new features. It usually comes with Reuters data, wich is some of the faster data feeds but may be unsuitable for anyone who needs "filtered" data. There is also a very actiuve community of users who share indicators for Metastock.

On the downside, it's not as good as Neoticker of NinjaTrader for backtesting and autotrading. Nor does it have the most concise laguage to describe indicators and trading systems. Treadestation and Amibroker do.
 
Quote from BVM88:

I've been using Metastock for 14 years. It still has the most beautiful charts, and also has a very useful explorer that I frequently use to find targets. I do not use the backtester as I am purely a discretionary trader. If I think of a strategy I can quickly code the signal and drop it onto a few charts to see if it's any good. Whilst its language is not as powerful as Amibroker, Tradestation, etc, it's easy to understand and work with.

What Reuters needs to do with MS is to shift its focus from adding more systems and indicators to adding features and improving the product's flexibility. I have little use for their systems and do not need any more indicators, so the only reason I have to update MS is if my operating system does not support it.

As for Reuters data there is no need to use it if you stay away from their QuoteCenter version. Use the EOD or esignal version instead.

In short, if you are a discretionary trader MS is a very useful tool that can make you money, but if you are into systems you'd best look elsewhere.
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I am using EOD. The data is incorrect.
 
Quote from FunMan:

I am using EOD. The data is incorrect.
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Then change suppliers? I have not worked out of the US for a long time so I'm not the best person to ask about data. What I can say to you is that I am using MS 10.1 Esignal version and get EOD data from http://www.justdata.com.au/ and http://www.premiumdata.net/ (different markets), and use IB's data stream for R/T futures data. I do not have access to Reuter's Data link but may give them a go in the months ahead as I would like to look at Japanese stocks next.
 
Quote from BVM88:

Then change suppliers? I have not worked out of the US for a long time so I'm not the best person to ask about data. What I can say to you is that I am using MS 10.1 Esignal version and get EOD data from http://www.justdata.com.au/ and http://www.premiumdata.net/ (different markets), and use IB's data stream for R/T futures data. I do not have access to Reuter's Data link but may give them a go in the months ahead as I would like to look at Japanese stocks next.
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bvm -- how do you feed IB's data into Metastock?
 
MetsStock EOD is great for paging thru the SP500 list of stocks looking for chart patterns, it's quick and easy. Thats all I use it for.
 
Quote from FattBurger:

MetsStock EOD is great for paging thru the SP500 list of stocks looking for chart patterns, it's quick and easy. Thats all I use it for.
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Can't you notice the error on the data??

Pls check DJ price last Friday....my EOD 11 shows 10850 close :mad:
 
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